Over the next 5-20 years, increased government spending on interest payments will reduce funds available for essential services like schools, roads, and hospitals.
"Because the concern that people have to think about for the next 5, 10, 20 years is if the government keeps paying more and more of its tax dollars in interest, that means the government is going to have less money to pay for schools and roads and hospitals because it's using so much of these tax dollars to pay off interest for their previous expenses as opposed to providing services for citizens today."